space news from around the webin association with SpaceNews

PanAmSat reports first-quarter loss
Posted: Mon, May 3, 2004, 8:06 PM ET (0006 GMT)
Satellite operator PanAmSat reported a loss in its fiscal first quarter Monday because of a one-time charge related to the on-orbit failure of a satellite. The company reported a net loss of $31.9 million on $205.4 million in revenue in the quarter ending March 31, compared to a profit of $30.9 million on $199.8 million in revenue in the same quarter of 2003. The company blamed the loss on a one-time impairment charge of $63.3 million after taxes the company took when its PAS-6 suffered a power anomaly on March 17. The satellite suffered a second power problem on April 1, and since then the company has decided to deactivate the satellite. PAS-6 was an on-orbit spare and had no customers at the time of the anomalies. Buyout firm Kohlberg Kravis Roberts agreed last month to buy the 80.5-percent share of PanAmSat owned by News Corporation for $3.55 billion, plus the assumption of $750 million in debt.
<<previous article   next article>>
news in brief
Kepler goes into safe mode as fuel runs low
Posted: Sun, Jul 8 9:43 AM ET (1343 GMT)

Inmarsat rejets EcoStar takeover bid
Posted: Sun, Jul 8 9:42 AM ET (1342 GMT)

Shuttle-era engine tested for DARPA spaceplane
Posted: Sun, Jul 8 9:41 AM ET (1341 GMT)

news links
Saturday, July 21
Welcome to the Era of Orbital Publicity Stunts
Wired News — 4:08 am ET (0808 GMT)
ULA hopes to launch more affordable rocket
WAFF-TV — 4:06 am ET (0806 GMT)
Boeing, SpaceX delays may mean 'gap' in access to space station
Huntsville Times — 4:05 am ET (0805 GMT)
Presidential Message on Space Exploration Day
White House — 4:01 am ET (0801 GMT)

about   ·   ·   mailing list